One of my favorite reasons for living in Taiwan is the relatively low cost of living. I am raising three children with my wife, and I would estimate that the cost of living in Taiwan was about 40% of what it cost to live in Florida. When CNN challenged its iReporters worldwide to show how far they could stretch $10 over the weekend, I took on the challenge, so I could share with people how affordable life in Taiwan is.
I needed to buy socks for my son and myself, so today, I went to a clothing store in Houying Village in Tainan County, Taiwan. Twelve new pairs of white cotton socks were NT$100 (US $3.16), so I bought twelve pairs for him, and twelve pairs for me. While I was there, I noticed that new polyester ties were on sale for NT$10 each (US $0.32). A man can never have too many ties, so I bought ten for NT$100 (US $3.16).
I spent a total of NT$300 (US $9.50) for 24 new pairs of socks and ten new ties. I now I would have spent much more than that in the USA, even at Wal-Mart. I have included photos of the merchandise and their pricing.